With almost 1000 people moving to Florida every day, the apartment or multifamily housing is booming! This number is rising as more and more people are working remotely from home.
“American workers describe themselves as “digital nomads,” or remote workers who move frequently from place to place, often in short-term living situations, taking their work with them. This number is up 49% from 2019, and, in 2020 alone, the number of traditional workers working as digital nomads rose by 96%, up from 3.2 million to 6.3 million.” Multifamily Executive.
Why Florida?
Many cities in the Sunshine State are seeing significant growth in the multifamily housing industry. The amazing weather, relatively affordable rental units, outdoor adventures, activities, golf, beaches, and nightlife are fueling the demand.
“Jacksonville, Florida, tops Yelp and Zillow’s list, offering a low cost of living, flexible rental options, and favorable amenities and services.”
Zillow’s press release states, “Taking the top spot is the largest city (by land area) in the continental United States – Jacksonville. With the chance to work and play in the midst of a plethora of beautiful outdoor scenic views in every direction and year-round weather that make almost every day a beach day, Jacksonville could be one of the most popular destinations for digital nomads. Page views to Jacksonville rental listings increased 120% over the same time last year.”
It is important for multifamily housing owners and managers to remember what draws in new tenants and helps retain existing families.
“The best mix of available, affordable and flexible rental housing and community amenities sought after by those with newfound flexibility to explore the country as they work remotely.”
Looking For Affordable Updates To Your Multifamily Housing?
Choosing a contractor for your next multifamily housing development or renovation is a decision that can make or break your project. If you are investing in a commercial construction, it is important to choose a qualified contractor, who you have the confidence will get the job done correctly.
For The Highest Returns, Partner With Someone You Can Trust
With over 30 years of experience here in the Southeast United States, SWET Construction Group we are a leader in the industry. We are a full service company who understands the big picture and well as the latest trends.
With our experienced team, advanced knowledge of construction, high quality products, on-site management, turn-key solutions and precise estimation, ensure we deliver on budget and on time results for your construction needs.
We take pride in each of our projects, focuse on the community, environment, happiness, health and economic viability for every project.